@Axel Meierhoefer personally I am shifting towards more creative financing options like seller financing or buying a home subto the existing mortgage.

There are plenty of lenders out there who are doing some very creative financing and I encourage you to add that research to your list. 

I'm focused on small multifamily and distressed residential properties (condo and SFH) in downtown Chicago, North and Northwest suburbs that can be purchased creatively, fixed, and flipped, or held.

@Brechman Dieujuste You can incorporate your LLC anywhere you choose--it does not have to be the same state as your residence or the property.

Ultimately, I would like to flip one or two homes before incorporating the BRRRR method.  

I am just trying to be creative in buying more properties faster than just 1 a year.  

I feel like I don't have enough experience to lend Private Money and I'm afraid to do a mistake and not get the money back to the lender, the interest rates of Hard Money Lenders are super high, I was taught that with conventional loans it's hard and complicated to find good deals and I can't find any decent deal with creative financing.So my question is what should I do next?

Wow, looks like you found a very creative way to make a great return!

I still feel like this is the perfect first property for me, if only I could choose the right creative strategy to make it happen.It just so happens that in addition to looking at investment properties, I'm also in need of a new home.

When you get more serious about buying a property, you can look into creative financing.